Dollar General posts net sales gain in Q2 of 8.1%

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Dollar General posts net sales gain in Q2 of 8.1%

By Michael Johnsen - 08/31/2017

GOODLETTSVILLE, Tenn. — Dollar General on Friday posted a net sales increase of 8.1% to $5.8 billion for its fiscal 2017 second quarter (13 weeks) ended Aug. 4, 2017.

“For the quarter, same-store sales grew 2.6%, driven by an increase in our average transaction amount and, importantly, positive customer traffic," repored Todd Vasos, CEO Dollar General. "In a dynamic retail and consumer landscape, we continue to make targeted investments in our business to execute on our focused strategic and operating initiatives which we believe will contribute to sustainable improvement over time.”

Over the period, same-store sales increased 2.6%, attributable to increases in average transaction amount and customer traffic. Same-store sales increases were driven by positive results in the consumables and seasonal categories, partially offset by negative results in the home products and apparel categories.